Windward Capital Management Co. CA Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

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Windward Capital Management Co. CA lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,617 shares of the e-commerce giant’s stock after selling 31 shares during the quarter. Amazon.com comprises approximately 5.7% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 2nd biggest holding. Windward Capital Management Co. CA’s holdings in Amazon.com were worth $47,940,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Gulf International Bank UK Ltd increased its stake in shares of Amazon.com by 0.5% during the second quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock valued at $187,387,000 after buying an additional 480 shares during the period. Weiss Asset Management LP purchased a new stake in shares of Amazon.com during the first quarter worth about $214,000. Gladstone Institutional Advisory LLC grew its position in shares of Amazon.com by 12.0% during the second quarter. Gladstone Institutional Advisory LLC now owns 1,742 shares of the e-commerce giant’s stock worth $3,299,000 after purchasing an additional 186 shares in the last quarter. Cornerstone Advisory LLC grew its position in shares of Amazon.com by 50.0% during the second quarter. Cornerstone Advisory LLC now owns 1,374 shares of the e-commerce giant’s stock worth $2,602,000 after purchasing an additional 458 shares in the last quarter. Finally, RB Capital Management LLC grew its position in shares of Amazon.com by 8.5% during the second quarter. RB Capital Management LLC now owns 1,339 shares of the e-commerce giant’s stock worth $2,536,000 after purchasing an additional 105 shares in the last quarter. 55.73% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Indra K. Nooyi acquired 100 shares of the business’s stock in a transaction on Friday, October 4th. The stock was bought at an average cost of $1,726.06 per share, for a total transaction of $172,606.00. Following the purchase, the director now owns 250 shares in the company, valued at $431,515. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 1,765 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the sale, the chief financial officer now owns 2,480 shares of the company’s stock, valued at $4,421,840. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,443 shares of company stock valued at $40,205,835. 16.10% of the stock is owned by company insiders.

Shares of Amazon.com stock traded up $10.05 on Tuesday, hitting $1,746.48. The company’s stock had a trading volume of 314,154 shares, compared to its average volume of 3,149,541. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,035.80. The firm has a fifty day moving average price of $1,772.56 and a 200-day moving average price of $1,846.55. The company has a market capitalization of $858.94 billion, a price-to-earnings ratio of 86.72, a price-to-earnings-growth ratio of 2.20 and a beta of 1.54.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The business had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. During the same quarter in the prior year, the firm earned $5.07 EPS. Amazon.com’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 24.01 EPS for the current year.

Several research firms have recently issued reports on AMZN. Wedbush reaffirmed a “buy” rating and issued a $2,350.00 price objective on shares of Amazon.com in a research note on Monday, July 22nd. Mizuho reaffirmed a “buy” rating and set a $2,200.00 price target (up previously from $2,080.00) on shares of Amazon.com in a research report on Friday, July 26th. Zacks Investment Research raised Amazon.com from a “strong sell” rating to a “hold” rating and set a $1,480.00 price target for the company in a research report on Wednesday, September 25th. Wells Fargo & Co lifted their price target on Amazon.com from $2,200.00 to $2,300.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Finally, Robert W. Baird set a $2,150.00 price target on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $2,254.28.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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